Core Viewpoint - A class action securities lawsuit has been filed against Fly-E Group, Inc. for alleged securities fraud affecting investors between July 15, 2025, and August 14, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that defendants made false statements and concealed information regarding the Company's projected revenue outlook and anticipated sales, leading to a misleading impression of Fly-E's financial health [2]. - It is alleged that Fly-E's optimistic revenue goals and demand for its electric vehicle (EV) products fell short of reality, with defendants downplaying risks related to lithium battery supply chains and regulatory challenges [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 7, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities cases [4].
Shareholders that lost money on Fly-E Group, Inc.(FLYE) should contact Levi & Korsinsky about pending Class Action - FLYE